Valeant Hit with Another SEC Probe

Valeant Pharmaceuticals is being investigated by the US Securities and Exchange Commission in connection with a previously undisclosed probe, a company spokeswoman said. Further details are not known, but the investigation is not connected to another earlier SEC inquiry into possible securities law violations by Salix Pharmaceuticals, which Valeant acquired last year, concerning inventory accounting.

The disclosure comes amid accelerating difficulties at Valeant.

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